Anna Vo
Joined: 8/28/2024
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VAT on commercial rent
My company is VAT-registered. We previously rented a commercial property for our business, but we no longer use it, though we still pay £4500 per month. We are now considering renting out the premises for £5000 per month. My question is: Do we need to charge our client 20% VAT on the £5000 rent, or is it VAT-exempt, or should VAT be charged only on the difference between £5000 and £4500?